Orion Portfolio Solutions LLC Has $1.17 Million Stock Position in Barrick Gold Corp (NYSE:GOLD)

Orion Portfolio Solutions LLC trimmed its position in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 4.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 58,718 shares of the gold and copper producer’s stock after selling 2,926 shares during the period. Orion Portfolio Solutions LLC’s holdings in Barrick Gold were worth $1,168,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Exchange Traded Concepts LLC lifted its stake in shares of Barrick Gold by 198.1% in the third quarter. Exchange Traded Concepts LLC now owns 1,407 shares of the gold and copper producer’s stock worth $28,000 after buying an additional 935 shares during the last quarter. Crewe Advisors LLC lifted its stake in shares of Barrick Gold by 628.8% in the second quarter. Crewe Advisors LLC now owns 1,822 shares of the gold and copper producer’s stock worth $30,000 after buying an additional 1,572 shares during the last quarter. Eastern Bank acquired a new position in Barrick Gold during the 3rd quarter valued at $32,000. JFS Wealth Advisors LLC raised its stake in Barrick Gold by 451.7% during the 3rd quarter. JFS Wealth Advisors LLC now owns 1,909 shares of the gold and copper producer’s stock valued at $38,000 after purchasing an additional 1,563 shares during the last quarter. Finally, ORG Partners LLC acquired a new position in Barrick Gold during the 2nd quarter valued at $42,000. 62.85% of the stock is currently owned by institutional investors and hedge funds.

Barrick Gold Stock Down 2.3 %

GOLD opened at $16.78 on Friday. The firm’s 50-day simple moving average is $18.58 and its 200-day simple moving average is $18.52. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.06 and a current ratio of 2.65. Barrick Gold Corp has a twelve month low of $13.76 and a twelve month high of $21.35. The firm has a market cap of $29.21 billion, a price-to-earnings ratio of 18.04, a PEG ratio of 0.47 and a beta of 0.53.

Barrick Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is Friday, November 29th. Barrick Gold’s dividend payout ratio is currently 43.01%.

Analyst Ratings Changes

Several equities analysts recently commented on GOLD shares. Royal Bank of Canada upped their target price on shares of Barrick Gold from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. UBS Group lowered shares of Barrick Gold from a “buy” rating to a “neutral” rating and lowered their price target for the company from $23.00 to $22.00 in a report on Wednesday, October 30th. Jefferies Financial Group boosted their price target on shares of Barrick Gold from $23.00 to $24.00 and gave the company a “buy” rating in a report on Friday, September 13th. Cibc World Mkts lowered shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. Finally, Argus raised shares of Barrick Gold from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Thursday, August 29th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $25.60.

Barrick Gold Profile

Barrick Gold Corporation is a sector-leading gold and copper producer.  Its shares trade on the New York Stock Exchange under the symbol GOLD and on the Toronto Stock Exchange under the symbol ABX.
 
In January 2019 Barrick merged with Randgold Resources and in July that year it combined its gold mines in Nevada, USA, with those of Newmont Corporation in a joint venture, Nevada Gold Mines, which is majority-owned and operated by Barrick.